JK Tyre took support on downward sloping channel trend line
JK TYRE& INDUSTRIES, Daily Chart ( Investment Pick.) JKTYRE Has given Wonderful Break-out with Very Good intensity of Volume, Above 2 years Long & Strong Resistance Trendline. Can Buy Now at CMP 90, or if Get Dips, With Stop Loss of 84 closing basis. For Targets of 100.70, 108.50, 119.55, 131.25 & 140 Too. DISCLAIMER. I AM NOT SEBI REGISTERED ANALYST. MY...
Breakout in JK Tyre - How to mark supports and resistances
JKTyre supply & Demand analysis The stock has come out of supply zone from last two years & breakout from a head & shoulder pattern The volume is much more than average around highest in last 5 years. The target comes around 110 by previous resistance zones & 145 by the height of the pattern. Stop should be below 84 i think.
There is probability of resistance for profit booking at 62. Short at 62 with SL
Hey guys! JK Tyre has a great setup here. It has been following a strong trend line since mid-march 2020. This trend line helped JK tyre breakout of the Ascending triangle pattern reaching 60+. Currently JK Tyre seems to be forming a bullish pennant signalling a bullish continuation upwards. Adding to that, The 50, 200 MA seems to be forming a Golden...
accumulation in small batches at each level till 50..... in 3 batches
observation purpose only... waiting for double bottom at 52
JK Tyres - Bearish Bias - Good for Short at current levels
77.70 cls candl may drag to form double bottom Risky short for 2 pts Opportunity at double bottom for long term investment
JKtyer successfully retest the Breakout zone buy cmp 169 or add on dips with SL 155 Target 230 hold for 6 month Government Plan to impose antidumping Duty